RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PASADENA ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2025 WHEREAS, Article XIIIB of the California Constitution and Section 7910 of the California Government Code require the governing body of each local jurisdiction to establish, by Resolution, an appropriations limit for the following fiscal year at a regularly scheduled meeting or noticed special meeting; and WHEREAS, Government Code Section 7910 requires that, fifteen (15) days prior to such meeting, documentation used in the determination of the appropriations limit and other necessary determinations shall be available to the public, and such information was made available in this manner.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Pasadena that:
1. The California Per Capita Income and the population increase for the City of Pasadena are selected as the indices to be used for calculating the Appropriations Limit for Fiscal Year 2025;
2. The Appropriations Limit for Fiscal Year 2025 is established at $401,105,657; and
3. The Appropriations Subject to the Limit for Fiscal Year 2025 are established at $198,607,094.
Adopted at the regular meeting of the City Council on the _ day of June 2024 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
APPROVED-ASPTO FORM:
ivan tsl.Rad \^_
Chief Assistant City Attorney
Mark Jomsky, CMC
City Clerk